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Houston, TX Housing Market

The Houston housing market is somewhat competitive. Homes in Houston receive 1 offers on average and sell in around 66 days. The median sale price of a home in Houston was $331K last month, -1.2% since last year.

Houston Market Trends

It’s still a good market to sell in Houston.

Even though the market has shifted across the U.S., Houston is still a good market to sell your home.

-1.2%
The average home value in Houston has dropped slightly by -1.2%.
$331K
The median sale price for a home in Houston has remained strong at $331K.

Houston Real Estate

Learn more about the Houston market

In the last 30 days, homes for sale in Houston, TX sold for a median price of $331K, -1.2% compared to the same period last year. The median price per square foot was $181, +2.3% year-over-year. There were 1640 homes sold, down from 7573 last year. Homes typically received 1 offers and stayed on the market for around 66 days.

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Texas Acquisition Manager

Meet our Houston Expert, Andy

Andy will help you get the best offer in Houston with no repairs or showings.

By requesting and offer you're confirming that you agree with our Terms and Conditions.
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How to Sell Your Home in Houston, TX for Top Dollar

Thinking about selling your home in Houston, TX? Knowing the latest market trends, making strategic upgrades, and navigating common seller concerns can help you maximize your sale price.

Understanding Current Real Estate Trends in Houston

The Houston real estate market has seen some shifts recently. With a median sale price of $331K, homes are selling for about 97.2% of their list price. Here are some key insights to consider:

  • Average Days on Market: 66 days
  • Average Down Payment: 30.5%
  • Median List Price per Sq Ft: $188
  • Median Sale Price per Sq Ft: $181
  • Number of Homes on Market: 7,573
  • Number of Homes Sold: 1,640
  • Year-over-Year Sale Price Change: -1.2%

While the market remains strong, higher mortgage rates and a slight decrease in year-over-year prices mean you’ll need to be smart about how you present your home to potential buyers.

Top Home Renovations to Boost Your Selling Price

To get the most bang for your buck, consider these renovations which offer significant ROI:

  • Kitchen Remodel: Upgrading countertops, cabinets, and appliances can yield a 75%-100% ROI.
  • Bathroom Remodel: Modernizing fixtures and adding a double vanity can bring a 70%-90% ROI.
  • Adding a Deck or Patio: Appeals to outdoor lovers with a 70%-80% ROI.
  • Energy-Efficient Upgrades: Eco-friendly enhancements can fetch a 60%-80% ROI.
  • Improving Curb Appeal: Simple landscape or exterior changes bring a whopping 70%-100% ROI.
  • Smart Home Technology: Installing smart systems offers a 60%-80% ROI.
  • Adding a Home Office: With more people working from home, this can offer a 60%-75% ROI.
  • Finished Basement: Adds usable living space with a 70%-75% ROI.
  • Roof Replacement: Enhances both aesthetics and structural integrity, with a 60%-70% ROI.
  • Garage Door Replacement: A new garage door provides a 90%-100% ROI.

Consult with local experts to determine which renovations make the most sense for your specific home.

Worried About Renovations? Consider Selling Directly to Frontdoor

If the thought of home renovations is overwhelming, you might consider selling your home directly to Frontdoor. This eliminates the need for costly and time-consuming upgrades. It's easy, quick, and allows you to move on your schedule without the hassle of preparing your home for the market.

Final Tips for a Successful Sale

  • Price it Right: Proper pricing based on comprehensive market analysis will attract more buyers.
  • Marketing: Utilize high-quality photos and virtual tours to entice potential buyers online.
  • Negotiate Smart: Be prepared to negotiate offers with the current average of one offer per home in mind.

Summary

Overall, Houston’s real estate market is dynamic, with steady price increases and robust demand. Strategic renovations and smart selling tactics can significantly influence your selling price. Whether you choose to upgrade your home or sell directly to Frontdoor, understanding the market trends and your options will set you up for a successful and lucrative home sale.

For more detailed insights, consult resources like the Houston Association of Realtors, Zillow's Market Reports, and local economic reports. Happy selling!

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Sell your Houston home

Request a competitive offer

Step 1

1. Share Unique Details About Your Home

Start by sharing what makes your home special. Is it the spacious backyard, the modern kitchen, or perhaps the cozy fireplace? The more details you provide, the better Frontdoor can understand your home's value.

Step 2

2. Compare to Other Homes in Your Neighborhood

Next, look at similar homes in your area. Check recent sales and current listings to get an idea of what your house might be worth. This comparison helps in setting a competitive and fair price.

Step 3

3. Speak to a Houston Market Expert

Talk to a local real estate expert who knows the Houston market inside and out. Their knowledge is crucial in helping you price your home right and understanding what buyers in Houston are looking for.

Comparison

Why you’ll love working with us

Let’s compare the sale of a $550,000 home in Houston, Texas.

Traditional Sale Frontdoor
Commission & Fees $33,000 $0
Closing Costs $8,400 $0
We pay all costs
Repair Costs $24,750 $0
We pay all costs
Days on Market 25 Days Immediate Offer
Total Savings Save $66,150

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